Three-Month Euribor Falls Below Libor for First Time Since 2008
By Keith Jenkins -
2012-07-20T10:47:14Z
The rate at which European banks say they see each other lending in euros for three months dropped below the equivalent London interbank offered rate for dollars for the first time since January 2008.
The euro interbank offered rate, or Euribor, for such loans was 0.451 percent today, according to data from the European Banking Federation.
Three-month dollar Libor was at 0.4521 percent, data from the British Bankers’ Association showed.
To contact the reporter on this story: Keith Jenkins in London at kjenkins3@bloomberg.net
To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net
More News:
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.